With a $2.78 billion market cap, Peloton Interactive, Inc. (PTON) operates an interactive fitness platform in North America and internationally. The company provides various connected fitness products under the Peloton Bike, Peloton Bike+, and Peloton Tread+ names. In addition, it offers connected fitness subscriptions and access to live and on-demand classes.
At-home workout provider PTON was a big coronavirus winner. The company’s home exercise equipment and subscription-based fitness classes were in massive demand during the pandemic. But after reaching a peak in January 2021, the stock has been on a downhill ride as consumer behavior leaned back to pre-pandemic norms with easing COVID-19 restrictions.
